...Exploration, Exploitation and Development Prospects
		Strategy
	• Maximize existing prospect value while reducing cost and risk • Focused exploration strategy complements property acquisitions • In-house 3-D workstations and geophysical/geographical capabilities • Additional 3-D capacity in Joint Venture • Texoil’s approach is: – fully define prospect leads using 3-D seismic and comprehensive integration of sub-surface and engineering data – solicit industry partners on promoted basis to lower risk and cost • Exploration finding costs of $.39/Mcfe to date